Willingness-to-pay and the equivalence approach

<p>This paper describes the evaluation of individual situations in terms of equivalent incomes computed from ordinary income by adding or subtracting various terms of willingness-to-pay. It discusses the origin of the approach and its connection with social choice theory and philosophical prin...

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Bibliographic Details
Main Author: Fleurbaey, M
Format: Working paper
Language:English
Published: Oxford Poverty & Human Development Initiative (OPHI) 2008

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